A UN report expected a modest rebound in global economic growth for 2020, assuming that numerous risks lurking on the horizon will not materialize. 

The world economy is foreseen to grow by 2.5% this year if trade tensions, geopolitical frictions and financial turmoil do not escalate and catastrophic climate shocks remain at bay, the UN expected in its annual report — titled World Economic Situation and Prospects 2020 — released late Thursday.

It underlined that policy uncertainties will continue to weigh on investment plans.

Even as global trade tensions ease along some fronts, the potential for relapse is high,

Read more: UN: 2.5% global economic growth best scenario for 2020